The all-terrain vehicles, also known as quads or quadricycles, are vehicles which travel on low-pressure tires. These vehicles are gaining traction with rising recreational and sports activities along with increasing applications in agriculture and defense sectors. Major market players are focusing on innovations such as the development of electric ATVs, thereby creating a positive market outlook in the coming years. North American region is expected to hold the maximum share on account of upcoming electrical vehicle projects and scope for new and advanced technologies.
MARKET DYNAMICS
The all-terrain vehicle market is anticipated to grow in the forecast period owing to driving factors such as growing applications in the agriculture as well as military and defense sector. Besides, increasing off-road recreational activities is likely to positively influence the market growth. However, high accident rates may hamper the growth of the all-terrain vehicle market during the forecast period. On the other hand, introduction of electric ATV and continuous technological developments would create good growth opportunities for the key players of the all-terrain vehicle market in coming years.
MARKET SCOPE
The "Global All-terrain Vehicle Market Analysis to 2028" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of all-terrain vehicle market with detailed market segmentation by type, drive type, engine capacity, fuel type, seating capacity, application, and geography. The global all-terrain vehicle market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading all-terrain vehicle market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global all-terrain vehicle market is segmented on the basis of type, drive type, engine capacity, fuel type, seating capacity and application. Based on type, the market is segmented as utility ATV and sport ATV. By drive type, the market is segmented as 2-wheel drive, 4-wheel drive, and all-wheel drive. On the basis of the engine capacity, the market is segmented as less than 400 CC, 400 to 800 CC, and more than 800 CC. By fuel type, market segmentation is done as gasoline and electric. The market on the basis of the seating capacity is classified as one-seat ATV, and two-seat ATV. By application, the market is segmented as sports, agriculture, entertainment, military & defense, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global all-terrain vehicle market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The all-terrain vehicle market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting all-terrain vehicle market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the all-terrain vehicle market in these regions.
MARKET PLAYERS
The reports cover key developments in the all-terrain vehicle market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from all-terrain vehicle market are anticipated to lucrative growth opportunities in the future with the rising demand for all-terrain vehicle in the global market. Below mentioned is the list of few companies engaged in the all-terrain vehicle market.
The report also includes the profiles of key all-terrain vehicle companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- Arctic Cat (Textron)
- Can-AM (BRP)
- CFMOTO
- Honda Motor Co., Ltd.
- Jiangsu Linhai Power Machinery Group Corp.
- Kawasaki Motors Corp., U.S.A.
- Polaris Inc.
- Suzuki Motor of America, Inc.
- Taiwan Golden Bee Co. (TGB)
- Yamaha Motor Corporation